JAMB Commerce 2015 Objective — Question 6

Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

A business partner who provides capital but abstains from participation in the administration of a firm is a

A. general partner
B. nominal partner
C. dormant partnerCorrect
D. secret partner

Explanation

A dormant (sleeping) partner only contributes capital to the business but does not take part in its day-to-day running.

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